Oil Benchmark Dispute Delays MTEF/FSP Consideration In Senate           The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper over the oil benchmark for the 2022 budget stalled the consideration...

Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark At $40           The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. It pegged oil benchmark at $40 and exchange rate at N379 per dollar. The MTEF/FSP is the fiscal document upon which the 2021...

FG Adjusts 2020 Budget To N10.52trn, Adopts $25 Oil Benchmark   The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting...

Budget: FG Cuts Oil Benchmark Further To $20   The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the current budget to $20 per barrel. The development would make it the second time the Federal Government is slashing the oil benchmark for...

Budget: FG Slashes Oil Benchmark To $30 Per Barrel   The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, announced this after a meeting between the...

MPC Calls On FG To Reduce $57 Budget Oil Benchmark   The Monetary Policy Committee of the Central Bank of Nigeria has called on the Federal Government to review downwards the 2020 budget oil price benchmark of $57 per barrel to stimulate fiscal buffers. The CBN Governor,...